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Overview
MoveParallel.com focuses on rail freight. It sells automated, battery-electric freight rail vehicles and integration tools to railroads, enabling them to move freight from trucking to rail on corridors under 1,000 miles. The system combines an autonomous/automated vehicle with software and services to integrate into existing railroad operations, and it may include ongoing maintenance contracts and consulting. Compared with traditional rail or trucking, the company targets shorter-haul routes and aims to expand railroad markets by offering a flexible, cleaner transportation option that reduces carbon emissions. The goal is to convert more freight to rail for shorter distances, improving efficiency and sustainability in freight movement.
About Parallel Systems
Industries
Robotics & Automation
Automotive & Transportation
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$91.2M
Headquarters
Los Angeles, California
Founded
2020
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Simplify's Take
What believers are saying
- Over 300 ordered vehicles suggest strong railroad interest beyond pilots.[1]
- Georgia testing with Genesee & Wyoming validates commercial relevance under FRA oversight.[1][2]
- Short-haul drayage offers a large truck-to-rail conversion opportunity.[2][6]
What critics are saying
- FRA safety incidents would halt approvals and damage commercialization momentum.[1][2]
- Railroads can refuse scaling if integration adds operational complexity or liability.[2][6]
- Truck economics remain hard to beat on cost, frequency, and terminal handling.[2][6]
What makes Parallel Systems unique
- Autonomous, battery-electric railcars run in small platoons without couplings.[1][2]
- Parallel targets short-haul freight where trucks dominate, especially 160-mile corridors.[1][2]
- Its system integrates with existing railroad operations and control software.[2][6]
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Funding
Total Funding
$91.2M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Stock Options
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 7%2 year growth
↓ -1%Parallel Systems, a Los Angeles startup, is testing autonomous, electric freight trains in California and Georgia, aiming to reduce truck traffic and emissions. The company raised $100 million and received federal approval for testing. Their trains, powered by lithium-iron phosphate batteries, can travel 500 miles on a single charge and operate independently or in groups. While promising, challenges include market viability and potential job impacts. The technology could transform short-haul freight transport.
It already partnered with the Lohr Group, a French transport systems manufacturer, and Parallel Systems, a US startup developing battery-electric freight rail vehicles.
Parallel Systems, a Los Angeles-based company developing autonomous battery-electric railcars, has raised $38M in a Series B funding round led by Anthos Capital, with participation from Riot Ventures and others.
Parallel Systems is set to launch its first commercial pilot in April after receiving approval from the Federal Railroad Administration. The company has also completed a $38 million Series B funding round.
After obtaining approval from the Federal Railroad Administration, Parallel Systems is ready to launch its commercial pilot for the autonomous battery-electric rail system in Georgia.
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About Parallel Systems
Industries
Robotics & Automation
Automotive & Transportation
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$91.2M
Headquarters
Los Angeles, California
Founded
2020
Parallel Systems is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today